Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND MERCHANTS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 546,423,000 | 537,583,000 | 531,112,000 | 528,886,000 |
| Total loans | 296,345,000 | 307,528,000 | 316,136,000 | 322,760,000 |
| Allowance for loan losses | 7,234,000 | 7,052,000 | 6,945,000 | 7,397,000 |
| Securities available for sale | 154,616,000 | 147,576,000 | 144,280,000 | 136,386,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 447,428,000 | 435,945,000 | 424,163,000 | 426,888,000 |
| Interest-bearing deposits | 369,497,000 | 359,903,000 | 344,696,000 | 346,683,000 |
| Noninterest-bearing deposits | 77,931,000 | 76,042,000 | 79,467,000 | 80,205,000 |
| Equity capital | 60,282,000 | 62,115,000 | 66,611,000 | 62,647,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 7,336,000 | 15,097,000 | 22,918,000 | 30,717,000 |
| Interest expense | 2,061,000 | 4,330,000 | 6,655,000 | 8,910,000 |
| Net interest income | 5,275,000 | 10,767,000 | 16,263,000 | 21,807,000 |
| Noninterest income | 1,388,000 | 2,823,000 | 4,490,000 | 6,010,000 |
| Noninterest expense | 3,974,000 | 8,105,000 | 12,347,000 | 17,632,000 |
| Provision for loan losses | 0 | 0 | 0 | 850,000 |
| Pretax income | 2,689,000 | 5,485,000 | 8,406,000 | 9,014,000 |
| Income tax | 561,000 | 1,133,000 | 1,778,000 | 1,750,000 |
| Net income | 2,128,000 | 4,352,000 | 6,628,000 | 7,264,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 67,607,000 | 69,845,000 | 72,139,000 | 70,526,000 |